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Deregulating the electric utility industry. Final report

Roger E. Bohn, Richard D. Tabors, Bennett W. Golub, Fred C. Schweppe

Open publisher page 1 citations

Abstract

Many functions must be performed in any large electric power system. A specific proposal for a deregulated power system, based on a real-time spot energy marketplace, is presented and analyzed. A central TandD utility acts as a market maker, setting prices to equilibrate supply and demand. Decentralized competitive firms invest and operate in response to current and projected spot prices. The paper explicitly addresses the many practical engineering and economic functions and issues which must be taken into account by any proposal to deregulate electric power generation. It does not answer the question of whether deregulation is a good idea.

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What this paper is about

Many functions must be performed in any large electric power system. A specific proposal for a deregulated power system, based on a real-time spot energy marketplace, is presented and analyzed. A central TandD utility acts as a market maker, setting prices to equilibrate supply and demand. Decentralized competitive firms invest and operate in response to current and projected spot prices. The paper explicitly addresses the many practical engineering and economic functions and issues which must be taken into account by any proposal to deregulate electric power generation. It does not answer the question of whether deregulation is a good idea.

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OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Many functions must be performed in any large electric power system. A specific proposal for a deregulated power system, based on a real-time spot energy marketplace, is presented and analyzed. A central TandD utility acts as a market maker, setting prices to equilibrate supply and demand. Decentralized competitive firms invest and operate in response to current and projected spot prices. The paper explicitly addresses the many practical engineering and economic functions and issues which must be taken into account by any proposal to deregulate electric power generation. It does not answer the question of whether deregulation is a good idea.

Key concepts: Deregulation, Electric utility, Electric power industry, Electric energy, Electric power, Spot market, Industrial organization, Spot contract

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